US Stock Market Move | SpaceX(SPCX.US) fell more than 2%, Wood Sister added a large position against the trend

On Monday, SpaceX (SPCX.US) fell over 2%, closing at $121.13, with a cumulative drop of nearly 30% this month. It is reported that the company is facing potential selling pressure due to the extension of the lock-up period for internal personnel. In the coming months, some restricted shares will gradually enter the market, which may increase stock supply and further impact valuation. Mark Malek, Chief Investment Officer of Siebert Financial, stated that many investors may have re-examined their initial investment logic considering the future unlocking of restricted shares. Potential buyers who were previously waiting on the sidelines may continue to wait for lower entry points as the possibility of lower prices increases with the valuation returning to reasonable levels. It is worth noting that prominent investor Cathie Wood (known as "Wood Sister" in the market) disclosed the complete restructuring record of ARK Invest from July 13 to 17, with SpaceX becoming the top target for increased holdings that week. ARK invested a total of $56.9 million in adding positions in SPCX, making it the largest single investment in this period.